The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-12-28
CREAM OF THE PRESS.
PUNGEyT OPINIONS ON PROMINENT
EVENTS.
The Financial Chronicle" on the Surplus.
Mr.. Gladstone's Holiday-Great Wooden
Countrics-Two Dangers to Democracy.
Bogus Southern Boom .-&c.

The Financial Chronicle reviews the
relations of the surplus and the import
taxes, and says:
Nov, under these circumstances, II
Congress is not to follow the path the
President has 30 clearly marked out, IL
must make and follow a better. The
at all of protection or Of free trade. 1t
accidentally involves projected interests.
But the important fact is, w have
reached a point where our revenues have
become not only ~burdensome, but dan
gerous, and where tax reduction must be
made, and that in large amount, and
hence the problem il forced upon us,
How can this tax reduction be most wisely
effected 1t will not do TO dodge the
issue and look to large appropriations for
relief; they are wrong in principle, do not
cure the evil at all, and lead to corrup
ton. Besides, the Secretsry Of the
Treasury says that the surplus will be
$40, 900, 900 next June the idea Of seek
ing ways in which to squander that
amour Of money, or even a 1.-THE OF it, is
not to be entertained for a moment, and
after il was done the surplus stream
would continue in all its force to plague
and disquiet US. We notice, by the way,
that Mr.. Fairchild suggests an employ
ment Of the $40 00, 600 of accumulation
which we have not seen mentioned be-
fore, that would further increase the tax
reduction; he says that the accumulations
might be used 10 su plement the annual
revenues for a number of years, and thus
permit Of the revenue being made less
than the expenditures This is thought
well worth considering; for If the prob
lem before Congress gets reduced to a
question of how to be rid of these moneys,
here is certainly a method by which the
people would at least secure the whole
advantage"
The New York Sun describes two great
dangers that menaced the Democracy,
from both of which it says that the Presi-
dent has saved the party. The first was
the Mugwump idea, and the second the
disagreement on a clear free trade policy.
Those dangers" says The Sun, which
threatened TO divide and destroy the Dem
ocracy, are wiped out and removed be-
yond the sight Of men; and thus the
policy unchangeably and continually ad-
vocated and insisted upon by TIE Sun
during these many years, is TO be yindi-
Gated, adopted, and affirmed by the Off
cial agents and servant and representa-
tives Of the united Democracy Need
any one ask if it is with JOY that We view
these suspicious indications OF the blessed
new day that is dawning upon the
country; Verify, to borrow the inspired
words of Holy Writ, the stone which the
builders disallowed, the same is made the
head of the corneri'"
Mr.. Gladstone leaves England for
a trip TO Italy, intending to spend the
winter in that sunny land. 1t Is a wise
movement on the part of the aged states
man to leave the rigorous climate Of
England. lie does well to care for the
preservation Of a life in which so mauy
great hopes are centered. Mr.. Gladstone
is satisfied with the progress that the
HOme-Rule movement is making. He
sees the utter futility of the coercion pol
icy in Ireland, and recognizes the growth
of Home-R Rule sentiment in England-a
growth that holds out strong promise of
victory in the not very far of future.
There is ground for the hope that Mr..
Gladstone will live TO see the accomplish
ment Of the great work TO which his re-
cent years have been devoted, a work
that will not dissolve. but will more
closely cement the United Kingdom.
Such, at all events, will be the case If
Home-Rule ZONES by peaceful methods.
- Wash. Post.
Great Britain, France and Germany
are the three great wooden manufacturing
countries of Europe, and they are the
three great importers Of wool. At the
same time they are among the largest
producers Of sheep, and they all admit
wool free Of duty. According TO the
latest comparative wool statistics, the
sheep product of Great Britain and Ire
land is 2S,955.2 40 under absolute free
trade against 44,759,314 in the vast terri
tory of this country under the boosted
system of protection. France has 22,-
616,547 sheep, and Germany has l9,ls9,-
7f5. With unlimited command of the
markets of the world for free raw mate
rails these countries are the largest ex-
porters of wooden goods. On the other
hand, countries like the United States,
that handicap their wooden industries
with a tax on the raw materials, cannot
compete successfully with their rivals
either in their own OF foreign markets.
PhRa. Record
Now, it is a positive injury to the
South to lay out u paper city, like ITALIA
poosa, Ga, for example, and sell corner
lots at a fancy price to the credulous and
gullible. That is not progress; it's a
sham. You may get up a Juror, but a
Juror is not prosperity. The leyel-headed
business men of the South know that
when the Herald pricks a bubble OF that
kind it does a service TO everybody except
a few Spectators. We rejoice in the
magnificent growth of that section, but
when it becomes dropsical 1t is our bust
ness TO tap it. And where there are SO
many opportunities for new enterprises
il is a pity that honest development
should be interfered with by wildcat
schemes which cheat the people out Of
their hard earnings.-N Y Herald.
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